Source: MarketWire
Developer’s conceptual rendering of Buttonville Centre
The Cadillac Fairview Corporation Limited and Armadale Properties Limited are pleased to announce that the Buttonville Redevelopment project is headed to Markham City Council for the Statutory Public Meeting on Monday, January 28, 2013.
Since its release in 2011, the project has passed significant milestones in the planning and design process, with this public meeting marking a major step in Buttonville’s unveiling of new development concepts consistent with the site’s Master Plan.
The proposed redevelopment seeks to transform the 170-acre site into an economic engine for Markham. Its vision is to create a world-class business address, anchored by a dynamic and vibrant mixed-use component, while creating a unique lifestyle destination for the GTA.
“The City of Markham and York Region both call for redevelopment of the airport in a manner which will generate a significant level of employment,” says Finley McEwen, Senior Vice President, Development, Cadillac Fairview. “This development will attract business, investment and talent, and accommodate 22,000 jobs.”
The mixed-use component includes office, retail, entertainment, residential, hotel and convention facilities. The diversity of districts for the site, combined with distinctive open spaces, will establish a unique character and ‘sense of place’ for the new community. Access to public transit, new roads and infrastructure answers a call for a higher order transportation system in the area, allowing for both walking and streets designed for accessibility and movement.
“The world-class planning that has gone into Buttonville is designed to put people first,” according to McEwen. “The strategy here is to create an environment where people are able to work, shop and dine within a 10 to 15-minute walk.”
This project seeks to move away from the traditional, auto-dependent business park. Comprehensive transportation analysis has been conducted to determine and implement an improved transportation network that prioritizes efficiency and mobility.
Following the Statutory Public Meeting, the Buttonville project will be seeking Council approval in Spring 2013.
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The Regional Municipality of York is located in the heart of the Greater Toronto Area and is home to 1.1 million residents and 42,000 business establishments, making it one of Canada’s largest municipalities and the second largest business centre in the Province of Ontario.
Comprised of nine local municipalities, York Region is a premier business location in Canada. The Region is home to operations of 14 Fortune 100 companies, four of Canada’s top 10 corporate R&D investors, Canada’s second largest Information & Communications Technology (ICT) cluster and global industry leaders in Life Sciences, CleanTech, Financial Services and Advanced Manufacturing.
As Canada’s fastest growing large municipality, York Region has one of the most educated and diverse workforces in North America, the lowest commercial property taxes in greater Toronto and an exceptional quality of life attracting top global talent.
York Region’s local municipalities include the City of Markham, the City of Vaughan, the Town of Richmond Hill, the Town of Newmarket, the Town of Aurora, the Town of Whitchurch-Stouffville, the Town of East Gwillimbury, the Town of Georgina and the Township of King.